Don’t Leave Your Money in the Bank Without Reading This First

According to Naomi Wolf’s New York State Supreme Court complaint, she first discovered “unexplained activity” on her three Washington Mutual (WaMu) checking accountsin 2005. The prominent feminist author claims that she diligently sought to “monitor the activity of her accounts.” However, Wolf was blocked in her own self-monitoring efforts when WaMu stopped sending her monthly statements and denied her access to her online account. The net result of WaMu’s alleged actions is that Wolf alleges that more than $300,000 was stolen from her three accounts and this resulted in her filing a law suit against the bank. What happened to Naomi Wolf is going to be played out all across this country. And we are not going to have to wait too long for all of us to realize that we are Naomi Wolf.

What Used to Be Unthinkable Is the New Norm

“. . . the game itself changed. By raiding the depositors’ accounts, a major central bank has gone where they would not previously have dared. The Rubicon has been crossed.”

America, we now live in a thugocracy. The banksters are using the power of government to steal from Americans. These banksters control the Congress, the President and the judges. There is seemingly nobody who is beyond their sphere of influence as these criminals are the poster children for the old adage which states that “Every man has his price”.

This is the part of the article where the reader would be advised to hang on every word that is written, because the following will have a devastating effect on the financial well-being of every American.

There is absolutely no integrity in the banking system. There is no honor among these thieves. A scientific, technocratic mafia runs the banking system. These money changing criminals will keep enticing you to put your hard earned money into their privately run lairs of thievery. Everyone reading these words will be victimized in a manner similar to Naomi Wolf, if you keep the bulk of your funds in one of the Federal Reserve banks. Americans are woefully ignorant regarding how much danger their deposits are truly in. The thief is at the door and you are in danger of having everything stolen.

Most Americans Think That Their Deposits Are Safe

Some readers have written to me and have dutifully reminded me that the FDIC is at their bank standing guard over their deposits. How woefully and depressingly ignorant is that statement?

The FDIC does not have the money to cover your deposits as it has only $25 billion in its deposit insurance fund. By law, the FDIC is required to keep a balance equivalent to only 1.15% of insured deposits on hand. Yes, America, that means that less than 2% of your deposits are covered.

Others have pointed out to me that the Dodd-Frank Act (Section 716) now bans taxpayer bailouts of most speculative derivatives activities. You remember the derivatives don’t you? They were the imaginary wealth that was built upon more imaginary wealth but were guaranteed with hard assets backed by the banks. When this house of cards collapsed, it pulled the banks down and led to the series of bailouts which has devastated our economy. Before continuing in this analysis, we need to review one very important detail.

The derivative debt in this country is estimated at $1 quadrillion to $1.5 quadrillion dollars. This is more than 16 times the value of every asset on the planet. There is no way that this debt can ever be paid, but that is not stopping the banks who are actively co-mingling their derivative debt with their other banking instruments including their customer savings deposits. We could fund 1,000 bail outs and there is only one unmistakable conclusion:

THERE IS ABSOLUTELY NO WAY THAT THIS DEBT CAN EVER BE PAID OFF! IT IS THE EXCUSE BEING USED, IN PERPETUITY, FOR THE BANKSTERS TO KEEP STEALING FROM YOU!

Therefore, when your bank defaults, and it will, the depositors as well as the banks will turn to the FDIC for relief. The FDIC will have no choice but to draw upon its credit line in order to cover a BofA, Wells Fargo and JPMorgan derivatives bust which has been co-mingled with savings account funds. The resulting effect is that this will require a taxpayer bailout to cover the credit line.This will negate the safety from the bailouts that the public thought that they were receiving under the Dodd-Franks bill of no more bailouts.

What very few people are talking about, and as is the case with all credit lines, this money will have to be paid back. Therefore, the coming default of the FDIC, used to cover the derivatives debt, will become the excuse for another taxpayer bailout. And on and on it goes.

When the last instrument has been looted and then deflated, where do you think that will leave you and your computerized digits that represent the bulk of your self-built financial empire? All of your life, most of you have worked for banker backed interest in some capacity and now, these banksters are stealing back the pittance they paid you in the first place. Where’s Karl Marx when you need need him? Bank depositors of the world, unite!

Conclusion

America is only 90 days away from another potential date with destiny, yet, another government default and shutdown. Meanwhile, the banksters are the driving force which forces us to the edge of financial destruction and it is never going to end until, we the people, have nothing left to steal. I am still highly concerned about the Cyber attack drill in the which the first of phase was completed yesterday without any apparent incident. As a reminder the cyber attack drill consisted of a simulated attack on more than 1,000 banks participating in a National Cyber-Attack Drill October 16-17 and again on October 23-24.

Phase two of this cyber drill will take place next week. As I have said before, I do not make predictions and I am not predicting a false flag event emanating from this event. However, given the nature of past false flag events (e.g. 9/11, 7/7 bombings and the Boston Marathon bombing), the conditions are ripe that this could turn into another false flag event. I think if the government had not avoided total default two days ago, the likelihood of this scenario turning into a false flag event would have been more certain. It would be wise for us to keep our eyes on October 23rd, but there is another major event that is rapidly approaching and it will require our immediate attention.

Of course, you could take your money out of the bank. Well, maybe you can…. Yesterday, Chase announced it is limiting customer withdrawals.

The International Monetary Fund is suggesting that countries tax the rich to fix the deficit. This
proposal is a Trojan Horse. The rich will not be taxed more, you will be. On the surface, this sounds like a wonderful idea. However, this proposal will allow the banks to reach further into your pocket. And the best thing of all for the banksters is that no false flag attack is required in order to keep on stealing from us. This will be the topic of the next part in this series.

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57 Comments

Cee
October 18, 2013 at 5:51 am

What a dilema. To leave money in the bank, draw it out and keep it at home in the form of cash, draw it out and go down the street and buy gold or silver and keep it at home, or draw it out and buy more prepper stuff. Trouble with prepper stuff is how much stuff do you buy before the people around you get annoyed by all the stuff? And if nothing happens for quite a while people start looking at you like you are wearing a tin foil hat. I’ve been on this path for the past five years warning friends and family that the end is near. After five years they are all tired of hearing about how close it is. I am getting a bit weary of being the loan watchman on the wall. However, I know that I will pick myself up brush the dust off, and keep going. Knowing that if the worst does happen I will be vindicated in part and if it doesn’t then oh well. At least me and family are protected to what ever extent I am able to do for them.

Editor’s Note:Yes, but it will be legislated as they are collapsing by design

GI Jane
October 18, 2013 at 6:55 am

Is credit unions the same way??

Kevin
October 18, 2013 at 7:01 am

I AGREE!!!

peter
October 18, 2013 at 7:05 am

Ron Paul came out and said the USA will collapse like the USSR and he believes it is 1987. It may be closer to 1988 and I firmly believe that Obama will collapse the USSA before 2017.
Infact, I have stated so many time, my belief is between 2014 & 2015.

[…] This article is well worth the read about activities that may be coming to a bank near you. Click here to read it. […]

Michael, waiting, etc.
October 18, 2013 at 7:55 am

Everyone who is aware of this should look deep within his soul and ask one question…..what in the hell am I still doing here? If entropy prevails, as it always does, this will fly apart in a million unexpected ways. The powers that kill are quickly loosening the nuts and bolts on this rickety engine and they expect to view the carnage that will ensue after the ultimate explosion from the safety of their protected lairs. Flight to safety seems to be the most logical option, especially for those with children. There are many historical accounts that provide examples of what is about to happen, The Secret Holocaust, is not a bad read for a realistic awakening. Dave has provided excellent information that leads to the obvious conclusion. They are coming, don’t get taken alive, save the last two bullets for yourself. Oh…and have a good day!

Nam Marine
October 18, 2013 at 8:33 am

The major problem for many Americans is that their Social Security has got to be deposited in a Bank by electronic deposit.
No more checks. This was done on purpose!

TTS
October 18, 2013 at 9:27 am

There IS one possible solution. Truly, this would fix it. Forgive every private loan made in dollars, all mortgage, credit card, and consumer loan debt. Then rescind NAFTA. We need a “Year of Jubilee”. Sure, the rich would “suffer”, but it would repair the American economic machine. The truth is the satan-worshipping bankers don’t want the “machine” repaired. They want to kill it, and most of us. They have acquired all the hard assets that they need.

There is a reason God forbade usury. It never, ever ends well after a period of time. God, in his loving wisdom, allowed the Jewish snakes to make loans and charge interest with a CAVEAT. All debt gets cancelled every 50 years in the “Year of Jubilee”. The Federal Reserve has been in business, stealing from Americans at a geometric pace, for nearly 100 years. We are 50 years overdue for debt forgiveness. Man has proven, since the beginning of history, that he is completely and utterly incapable of governing himself. The good news is Jesus is coming back soon to destroy this system and all evil in this world. That cannot happen soon enough.

charles
October 18, 2013 at 9:35 am

I don’t normally comment on here, but if your going to keep your money digital in a bank anyway, get bitcoins, but hard assets are best like silver is safest. Apparently, the debt limit was not actually raised until sometime in January but suspended until then. This means that the government has an unlimited borrowing limit until January. This is what has been kept from a lot of people. Please look this up and verify what i am saying is true.
Thanks,
Charles

Loose chains
October 18, 2013 at 9:38 am

From everything I can see coming on the horizon, I give this till the end of September 2015 for America to witness the beginning of her darkest hour. The evil overlord bankers that have control over everyone with the exception of North Korea, Iran and Syria, are making big moves to bring about their New World Order currency. This “new” currency also happens to be the mark of the beast. No one will be able to buy or sell unless they take this mark in or on their right hand or forehead, for those without a right hand to be able to buy or sell. I really see 2016 as the beginning of time unlike anything in the history of the world. When all this falls apart, Americans, like most of the rest of the world will look to anyone for answers and help. Guess who that will be? You got it, ANTICHRIST! All those in Christ, those who believe in him, who have repented of their sins, and made him lord and savior will raptured. The bible makes it very clear that the man of sin(antichrist) cannot come to power until the Holy Spirit that lives in all who believe lets him and is taken out of the way then. Here is the scripture. 2nd Thessalonians 2:7 “For the secret power of lawlessness is already at work; but the one who now holds it back(Holy Spirit-God’s spirit) will continue to do so till he is taken out of the way.

Noah Watson
October 18, 2013 at 9:56 am

Are you aware of any similar activity in Canada?

Bill
October 18, 2013 at 10:04 am

you cant even run to Europe with your money it isn’t safe there either, and further more they dont want you there in there nation states, they have enough problems of there own with illegal Muslims .

laura m.
October 18, 2013 at 10:39 am

Cee, etc: as I said in other posts,I would never blab your prepping biz to anyone, even close friends who will show up at your door, ditto for church friends, co workers, etc. even relatives. Long time older preppers have died off in past decade and their stuff was dumped/sold off by heirs. Makes me wonder if all this isn’t in vain. Me and friend’s husbands are upset if stuff gets cluttered in the house like canned foods piled and stacked as our houses are average sizes. I’m getting burn out from drawing money out of credit union, etc. after direct deposits each mo. and buying stuff that will later be dumped by the executor. Back in the mid 90’s I was an executor and I did likewise (food bank donations). Stuff will expire if not rotated and eaten! Ditto for toiletries, etc. After y2k fiasco, stuff was dumped at food banks by me and friends.

oot der hoos
October 18, 2013 at 10:52 am

Lately I am switching to the scenario that they milk the system with as much debt sales as possible and only do soft attacks which do not upset the Chicago derivatives structure. I think that because growing the debt makes them rich as they spend it freely on their own preparation.

Knocking off Chicago only makes sense at the end game after it is clear they are losing control of the banking system. The Chicago-end card is a way to deflect blame and politically sell the loss of bank accounts to the public, if they have no other card to play to sustain the derivatives.

So when do they have no other card to play? I follow Jackass Willy goldenjackass.com and “V” roguemoney.net and Jim Sinclair jsmineset.com, Denninger market-ticker.com for some clues about that. They comment on the bond market death rattles, and the stability recovery tactics. Crashing stocks to drive money to treasury bonds is one example of a card to play, without knocking off Chicago yet. Another example is from “V” roguemoney.net who says killing off mortgage sales (ie. housing) eliminates competion for Treasury bond sales, which need the cash. Neither of those are economy solutions. They are just short term derivatives tactics. Housing sales looks crunched again already.

Loren-USA
October 18, 2013 at 10:55 am

Whose name is on any Federal Reserve Note?

Yours? Mine? Uncle Sam’s?

That “name” will show you just who owns that piece of paper! And it is NOT you!!!

You may earn a paycheck, but what you get paid in/with does not belong to you!

That Federal Reserve Note belongs to – and ONLY to – the Federal Reserve System.

The Federal Reserve is a private banking consortium, and all their “properties”, including their Federal Reserve Notes, are protected by the full measure of Constitutuional protections of .. PRIVATE PROPERTY!

And as the Federal Reserve System and its Notes are their private property, the Federal Reserve can do ANYTHING that they want with .. “their money”!!!

Because, it is NOT .. “your money”!!!

They can loan it out to whomever they want. They can give it away to whomever they want. They can dictate what the “terms and conditions” of the use of their “private property” however they want. They can demand the return of (the confiscation of) their private property from your so-called “possession” if they want, even from your (their loaned out) bank account.

Because .. it is THEIR property – NOT YOURS!!!

Even “your bank account” is NOT YOURS – it belongs to THEM!!!

There is a way around this charade, deception, and outright theft against the American populace and Nation, but NOBODY wants to do what is necessary to bring this about, because the last person who attempted to do so, was ..

“removed from office”!

And by removing this person from office, “they” sent “the message” loud and clear to any and all existing and future do-gooder politicians, to NOT mess with the ..

moneychangers in the temple!

So, even though there is a solution, and a Constitutional one, it will not be brought forth, but only the “end game” of the “money changers” – the descendants of that same group whom Jesus chased out of the Temple.

You need look no further for who “they” are!

Michael
October 18, 2013 at 11:53 am

TTS, are you affiliated with any particular religion or are you just well read in the Bible? Just curious? I do not hear many people say the last few lines of your post often….Thanks m

Garland Campbell
October 18, 2013 at 12:56 pm

Folks, now is the time, maybe past time, to withdraw as many times as it takes, as much as you can each time, until you have recovered your balance. Then buy junk silver, gold, potatoes, beans, anything that can be traded for goods and services.

Beth Janelle
October 18, 2013 at 2:34 pm

Remember, Credit Unions store their excess funds in bigger banks like Chase. They don’t keep much on hand. In a sense, CU’s can be worse than the bigger banks. Also, if this is happening to Chase, expect it to happen to BofA, Citigroup, and other big banks. Stock up on food and water. Including water filters. I sent a pamphlet to my neighbors, in my gated community, to stock up in the event there is a disaster of any sort. I made it subtle to avoid the “Tin hat Syndrome” If your neighbors are stocked up, they will be less likely to take/steal from you.

Bill
October 18, 2013 at 3:34 pm

We need to change the way we think about economics to survive this. Almost every currency on earth is a fiat currency and carries value only if everyone agrees that it does. The value of this type of money is pure illusion and is about to become obsolete. Digital currency like bitcoin is only good if you have access to it, which you will not if the internet goes down. Get most of your fiat money out of the system now and convert it to tangible assets, meaning anything that may be difficult to get and used for barter during bad times. This includes foods with long term storage capacity like freeze dried and various beans and legumes, various fuels like gasoline, propane and firewood, booze and cigarettes, gold and silver coins, guns and ammo, toilet paper, salt and spices, candy etc.

After this the problem becomes storage, ready availability, secrecy and the ability to protect what is yours. of course this is impossible to accomplish alone. Families and tight knit groups of friends are the best bet, but it needs to be restricted to people who can keep their mouths shut, and you will need to look like you are suffering as much as anyone else or you will be mobbed and robbed.

Cee
October 18, 2013 at 3:48 pm

Laura M., I agree with you about sharing what you are doing in specifics, but I believe we need to try to influence others to prepare for themselves as much as we can. My own situation includes my elderly mother who lives alone, my son who is newly single and my wife and I. Even within our small circle we are all of one mind for the most part. I just happen to be the one who pushes forward with prepping no matter what. But I know that the other three get tired of the stress of living on the edge and long for life to be more normal. I don’t think we are ever going back to what many of us remember life being. 50’s, 60’s even 70’s. Life wasn’t too bad back then. The way things are now leaves us with two choices, Either we bury our head in the sand or determine to go on with life the best we can and survive. Hope for best, prepare for the worst.

Converting your cash into cans of beans and gold isn’t going to help you survive long term. People need to be thinking about ‘Plan B’. My best advice it to ‘internationalize’ your business, banking and life so ‘when’ things get ugly, you can bug out to where it’s a bit nicer, calmer and ‘free-er’. developing an independent source of income is critical and the internet works great for that. I recommend http://www.escape-obamacare.com for some ideas.

I don’t know the exact percentage but if just 2-3 percent of the American people
were to purchase physical precious metals none would be left.
Likewise I have heard tell that just one percent of the stock market value is worth
all the precious metal mines and physical precious metals on the planet.
Even if just 10-20 percent of the public were to be “prepared” for what’s coming
down the pike the shelves would be bare.
Can there be any doubt that the people of the Western world are living in a
self imposed insane asylum?

dave stearns
October 18, 2013 at 8:56 pm

Isaiah 42: 22-25 But this is a people robbed and plundered; All of them are snared in holes, And they are hidden in prison houses; They are for prey, and no one delivers; For plunder, and no one says, Restore! Who among you will give ear to this? Who will listen and hear for the time to come? Who gave Jacob for plunder, and Israel to the robbers? Was it not the Lord, He against whom we have sinned? For they would not walk in his ways, Nor were they obedient to his law. Therefore he has poured on him the fury of his anger, and the strength of battle. It has set him on fire all around, Yet he did not know; and it burned him, Yet he did not take it to heart. NKJV: Don’t believe me, read the scripture yourself.
For those who don’t know, the US is one of the lost 10 Tribes of Israel. Even Glenn Beck knows that. Our nation is now under judgment. It only gets worse from here and I do mean very much worse. People talk about martial law and FEMA camps. Isaiah 5:13, Therefore my people have gone into captivity because they have no knowledge. Hosea 13: 11 I gave you a king in my anger, and took him away in my wrath. I give you Barack Hussein Obama. The same EVIL King of Daniel 11: 21. I can do this all day people, literally all day. I understand my bible exceedingly well.
I know my God Jesus very well, that’s why I obey his Commandments, and I’m telling you, right now he is livid with anger. Look at the sin of this world would you. How much longer do you think God will tolerate all this? The worst parts of the book of Revelations are about to start this winter. Matthew 24: 20 Pray that your flight is not THIS WINTER, for then will be Great Tribulation. In many ways you are better off dead then to have to witness for yourselves what is about to happen to planet earth. The global elite want to depopulate the earth, well God is going to let them do just that. The bible uses coded language but once it is understood correctly, the bible tells us half the people on planet earth will die in the next 4 years. Blessed is he who comes to the 1,335th day. Daniel 12, The wise shall understand but the wicked shall not understand. Last but not least Jesus Christ said, you see but you do not perceive, you hear but you do not understand, I thank you Lord Jesus for the knowledge and wisdom you have given me. Bless you Lord for I do indeed understand as very few do. Thank you Lord, my praise as always.

PS: To Mr. Dave Hodges, I have knowledge you do not have, it is urgent and it pertains directly to the next 2 months. I’m talking about Daniel 11: 33 and that scripture may very well apply to you personally so please read it and please contact me. At the same time Daniel 12: 3 applies specifically to you Dave along with Doug Hagmann, Alex Jones, Jerome Corsi, and many others. You are a bright light in a very dark world, for that I thank you and I give you the highest of praise. Thank You.

GEE DAVE when you say MONEY ,everyone looks up,I wonder what they’ll say when the word of the DAY IS FAMINE……….twenty years ago, my cousin in the national guard ,told me,the day was coming when AMMO would be worth more then GOLD,I think that day is about to arrive…………

[…] Don’t Leave Your Money in the Bank Without Reading This First:America is only another 90 days away… […]

Anglo Saxon
October 19, 2013 at 2:55 am

@ peter [October 18, 2013]

The USA is going down (partial civil war, mass arrest of Obama and his Administration, attempted assassination of banking heads connected with the Federal Reserve, etc.) sometime in 2014 … but not before the month of May.

I’d put money on it. Chinese Yuan of course.

Harry
October 19, 2013 at 2:56 am

Bitcoin and other programs like it is the solution. The only problem is, who do you trust to control the supply?

1) Wealth distribution. Base tax levels on TOTAL LIQUID ASSSET as a %tage OF national average wage x 1000 (Retirement basis at 30 years of average annual wage to make for 33 retirements) + TOTAL YEARLY EARNINGS then divided by 3. This means that those with wealth beyond 1000 times national average wage sequestered away, will be taxed on their existing liquid wealth that is sequestered away. This is a form of ECONOMIC NATIONAL SERVICE.

Any citizen has a right to be rich but once beyond 33 retirements worth (thats 1000 divided by 30 years of average annual wage – in USA terms thats USD$40 million), that wealth is metrely being sequestered to no useful purpose and in effect harms the economy by sequstration effect ratherthan circulating in public.

This is a form of Capitalism with Socialist limits that ensure millionaires will exist but not 33 times more than the average citizen. Billionaires will no longer exist.

2) Property tax or quit rent will not be imposed on 1st properties/’not in property they are using’ (this means only 2nd and subsequent properties will be taxed).

This way anyone or any family with 2nd or subsequent homes they keep for luxury purposes will have to pay quit rent and property taxes on those properties which could also be doubled for every subsequent home beyond the 2nd (people who can buy so many homes will be wealthy enough to handle this ‘checks and balances’ type of law.

3i) Caveat to prevent homelessness and lack of transport. A ‘Retired’ status or ‘Bankrupt’ status person can no longer be taxed IF they only own a single property or single vehicle. This means that upward mobility in property at least, and no losses of homes can ever occur, while those retired or bankrupt will not be affected potentially debilitating road tax which should be calculated not by CC but at a flat rate based on earnings, perhaps 1% of annual wage (which is very heavy already considering that bank interest does not exceed 3% AND that is not even on top of inflation rate – meaning for saving money to be meaningful, bank interest MUST be 1% ABOVE INFLATION RATE – how can roaD tax ignore these harsh facts with the colluding <P or COngressman refusing to amend laws to lower road taxes or exempting the bankrupt and elderly).

4) Preventing homelessness. Children of property owners will be required to take over housing debt, at BUT only at principal with current yearly inflation rates ONLY applicable as interest. This way, families will be required to pay up all debts but not be buried by COMPOUND interest (usury for those 'monotheistic finance ethics applying' types). 2nd homes are exempt from such protections and can be foreclosed though the ethical banks that do not charge compound interest (which is an effective killer of economies by creating homelessness and raising crime rates) should be announced as such.

5) Preventing starvation. If people cannot find work they will starve or cannot receive healthcare. To prevent this, ensure that the property of all is sufficiently large enough (20,000 sq feet may be the minimum requirement by developers) to do subsistence farming for one or preferably a few families. This way people can grow food and medicinal herbs on their own, even if jobless. That means taxpayers have no need to pay for food stamps or healthcare or even insurance.

6) Prventing injuries and removing need for insurance. A good set of padded steel armour (properly outfitted to allow/prevent airflow depending weather) will prevent broken bones, small bruises or serious head injuries or even radio waves that cause cancers, and if that person looks after their diet, they will be unlikely to fall ill or be injured. This is cheaper than paying monthly hundreds FOR DECADES or making a taxpayer paid for insurance system like national insurance necessary.

Conversely, the government could distribute these suits at mass production prices.

Vote out term limitless nepotistic MPs or COngressnmen who do not implement the above, or run as candidates against them to implement the above descrived amendments!

I wish I had enough to save like the rest of you. I work at Walmart and make a pittance, I used to work at the phone company and was one of thousands laid off in 2008. I have looked for similar work in the same fields with other company’s and have found age discrimination. I’m too old for them to consider me. I have a son who is disabled and a wife that is disabled and they cannot work, I struggle to get food on the table. I had a stroke a few months after being laid off and I had no insurance due to the lay off. I lost insurance for my wife and son. My daughter has taken a job at a strip club to sell her body to be looked at by dirty old men to give us money. The end of america came to us already, nothing good is here in our lives. We spend all day in mourning and cry out to a God that does not exist. We asked help from the government and they said we could get 18.00 dollars a month for help, but I would have to work less hours at Walmart. I work 18 hours a week and they want me to work less? I have asked for an increase of hours and pay at walmart and nothing is given. I am told I am not the only one with troubles. Other old people working there are in the same boat, a lot of old widows are working there, barely making a living, most everyone working there at walmart is getting government assistance. Even the young people are struggling to make ends meet, they are stealing things from the store and selling them to make a little on the side. I do not fault them and neither will I snitch them out. The big corporations have raped me and taken everything that I have worked for. They have taken the lives of people and have used their government cronies to help them do it. The customers walk into walmart with a superior better than thou attitude. I just hope they loose their jobs and have to work at walmart like everyone else so that they can see what kind of shiot we have to deal with. Prepping for this won’t help, they want us all to be in the same boat and they are extending the collapse in order to keep you saving more and more eventually getting burned out and not keeping things, then eventually they will do what they wanted all along. To kill us all and place us in a gas chamber. They can all kiss my ass and go to hell, I am tired old broken man….I have nothing anymore.

Though the collapse of the dollar is inevitable, there are ways to ease the pain. Firstly, as other on here have said, get your self squared away first. Keep cash on hand, buy gold and silver and keep supplies ready in case the supply lines break down. That is a worst case scenario, but it is better to be over prepared.

Secondly try and affect change in the system. I understand Washington is hopelessly broke but we still must try, and at a local and state level you can make some important changes. Look up the Bank of North Dakota. They have a great banking system in the state that can operate ly independently of the fed. Each state needs a similar model that can be used when the dollar collapses to ensure payments can continue. Banks like this will allow you to use alternative currencies after the dollar and that will ensure the economy continues along.

Timothy Paul Madden
October 19, 2013 at 9:27 am

The following is from a much larger piece titled “Computer! End Program! – My Top 5 Reasons all of this is unreal”: This is Reason #1. I hope that it helps to identify the core problem:

The Deposit function

Assume, for the sake of argument, that some force, divine or otherwise, makes me the winner of $1 billion in cash in a super-multi-state powerball lottery. That $1 billion in cash would bestow upon me some quantifiable and very substantial socio-economic power.

By whatever means, fate will have selected me for such power, and of course about 100 million people would have each paid an average of at least $10 in cash buying tickets to make it happen. But the cash would be mine and I would own it.
Yet the next day when I deposit the cash in a private bank, the cash belongs in law and in fact to the bank, and I (henceforth) have an unsecured liability of the bank that I own and which I can trade with others, but which did not cost the bank anything of substance to produce.

Now the private bank also has $1 billion of new socio-economic power by my decision to so favour it.
Now apply the same process to the (say) $5 trillion-plus of earnings from new broadly-defined labour services annually in the U.S. economy.

Assume that you work for a year to earn a cash payment of $100,000 in exchange for your labour and other skills and talents that others find useful in that amount. You too will have earned a certain amount of socio-economic power.
But the instant you deposit the money into a bank account, it is no longer your legal or actual money, and you have unwittingly made the private bank an equal partner in the product of your year’s labour. Same with cheques/checks (and anything that is “deposited”) – the bank literally owns your paycheck the instant you deposit it.

The same goes with all the illegal drug money globally. Even if the drug dealers could obtain every last coin and banknote on Earth, there is still less than the USD-equivalent of $1 trillion, or about a one year supply for the world’s broadly-defined substance-abuse industries. So if it has been going on for 40 years, then you know with certainty that virtually every last dollar of drug money is being laundered through private banks. They are partners-in-theory and partners-in-fact.

Then if and when you participate in the financial markets, you find that your local bank, as all banks individually and collectively, is not just a “scorekeeper”, but an active participant on the economic and financial “playing field”. So even if you beat it, you give your gain back to it when you deposit it. When your opponent scores a point, it scores a point. When you score a point, your point is forfeit to your opponent, but you get a different kind of point as a consolation, so it is kind of all right.

And since at least my great-grandfather’s time, our global army of economic analysts, with more troops worldwide than Napoleon and Wellington combined at Waterloo, cannot figure out that unearned and unjust conveyance of rights of property in money itself, via deposits and the custom and practice of private bankers, is a multi-hundred-trillion-dollar annual business of itself, and the defining reality of our entire system. It has just never occurred to anyone that it might be important?

Just as the words “Application fee” excite a different area of your brain, than do the words “True-principal-amount and real-interest-rate obfuscation and concealment fee” or “GAAP-violation-concealment fee”, so too does the word “deposit” evoke a very different reality than the more conceptually accurate “gratuitous wealth transfer”. As in “Hi Bob, I just got my paycheck, and I am on my way to gratuitously assign the right of property in my earnings to the bank.” I’ll meet you later for pizza.”

Since the founding of the privately-owned Bank of England, for that matter; for 319 years our international army of bloodhound economists have failed to grasp the significance of this one all-encompassing and game-defining “rule”.

Now let’s see, why would an “economist” concern themselves with something as arcane as rights of property in money itself, in a global system that processes $98 of financial/money transactions for every $2 of actual GDP? You witness $3 quadrillion of financial transactions annually to support global GDP of $60 trillion (2%) and you “Einsteins” can’t think of a single reason why rights of property in the $3 quadrillion might have some effect on human socio-economic relationships?

Assuming that there are about 6,700 substantive private deposit-taking institutions globally, then there would be one such “special-player” per million human players (labour units). Assume also that each “special player” is substantially and beneficially owned and/or controlled by one vested-oligarch-family-unit, with the most senior (and largest by far) units having been in place for almost 500 years.

In this game, all 6.7 billion human players perform labour each day for wages and 90% of them, by amounts, “deposit” those wages into deposit (gratuitous wealth transfer) accounts at one of the 6,700 special-players/family-units, at which point the wages become the legal and actual property of the special-players/families. The special players call their special advantage a “level playing field” and which is their inherent right by the custom and practice of private bankers.

And for 319 years our inter-generational global army of economists cannot figure out “What’s wrong with this game?”

These snakes are taught from when they are hatched that “You are to steal from the Goyum. They (the Goys) are nothing more than cattle to beat and slaughter.” The Talmud is very clear on how Jews should employ usury and ripoff all the wealth and resources from the non-Jews.

It the Banking System is not pried away from the control of the Jews then, expect nothing to EVER change in America.
The Congress too, has to be emptied and filled with TRUE representatives of the American People not the Corporate banking interests. Without financial control changing hands….expect more of the same for years to come.

Charles Desmond
October 19, 2013 at 2:44 pm

I HAVE TRIED TO SEND THE ABOVE ARTICLE TO TWO FRIENDS WITH AOL EMAIL ADDRESSES. THEY CANNOT BE DELIVERED. OTHER FRIENDS HAVE RECEIVED THE ARTICLE. YOU MIGHT WANT TO CHECK AND SEE WHY AOL WILL NOT DELIVER YOUR ARTICLE BUT OTHER SERVERS WILL

Charles Desmond
October 19, 2013 at 2:45 pm

Ah, so.

brian
October 19, 2013 at 3:12 pm

Obama has been given a unlimited debt ceiling till Feb 7. This will allow for a formal devaluation of the currency. QE’ing all Public & Foreign Debt.This will eliminate all interest expenditure,gain back sovereignty, force bank funds to enter private investment and disconnect the banker stronghold as they will no longer be needed to front run and sell govt debt. Problem solved except the USD is worth about 50% less. Got gold? Banks do. Its now a Tier I asset according to the FDIC .

Dachsie
October 19, 2013 at 3:24 pm

Interersting article and discussion.

I think it is wise to prepare as much as your situation allows.

I am trying to drop out of the system gradually. I let my SS and retirement direct deposit into my credit union but I go withdraw all but one hundred of it on the day it lands in my account. I have a checking account but rarely write a check. I pay cash or buy money orders or sometimes cashier’s check at the CU.

If my CU tells me they won’t give me the cash I take out twice a month, I will have to make some alternate arrangement. One thing for sure SS will not itself cash their checks to me and my retirement system won’t let me go to them and cash my retirement check so they force me to go to some kind of banking institution. I guess if I had a rich relative, I could get the checks sent directly to me and sign the checks over to my relative and let him cash the checks for me, but that is not possible for 99 percent of us.

I really do not think it is wise to buy a whole lot of silver and gold. I just can easily see that when things really get to a very bad level, I might be charged an ounce of gold for a loaf of bread, just as an example of the price gouging that could easity take place at at a time when people are dying of starvation.

People need other people of like mind and people need to be true Christians and obey the Lord and cooperate with each other. Many many of us do not have a close family of Christians in our lives so we cannot see much hope on the horizon for the time when the big crunch comes, but still we have to discuss and share and do the best we can.

[…] Don’t Leave Your Money in the Bank Without Reading This First | Dave Hodges – The Common Sense S…. […]

dave stearns
October 19, 2013 at 10:24 pm

This comment applies to Dave Hodges, Doug Hagmann, Alex Jones, Jerome Corsi and many others as well as I myself. They are targeting me also. Daniel 11: 33-36
And those of the people who understand shall instruct many; yet for many days they shall fall by sword and flame, by captivity and plundering. In other words they will be murdered or imprisoned in the FEMA camps. Andrew Breitbart, Michael Hastings.
Verse 34, Now when they fall, they shall be aided with a little help; but many shall join with them by intrigue. Verse 35, And some of them of understanding shall fall, to refine them, purify them and make them white, until the TIME OF THE END, because it is still for the APPOINTED TIME. Verse 36; Then the King (Obama) shall do according to his own will: he shall exalt and magnify himself above every god, shall speak blasphemies against the God of gods, and shall prosper till the wrath has been accomplished; for what has been determined shall be done. The book of Revelations is that which shall be done.
People THE END comes this winter. Jesus Christ said pray your flight is not THIS WINTER for then will be Great Tribulation. Amos 8: verses 9-10 tells us it comes at Christmas time. Rev 8: 10 is talking about Comet Ison and it’s closest approach is Dec 26th 2013. Nostradamus, Mother Shipton, the Hopi Indians all had many prophecies come true. All of them spoke of the disaster that would befall planet earth when the comet passes to include economic collapse, marital law, WW3 and worst of all the Great and Terrible Day of the Lord when the Heavens are rolled up. Talk about the PERFECT STORM! I guarantee you, the day is rapidly approaching when you will OBEY GOD’S TEN COMMANDMENTS, as the two witnesses of Rev 11 instruct you to do or you will die. That is what God’s judgment is all about, either obey or die. The Mayan apocalypse of 2012 was correct but God himself delayed this event for 1 year. The bible foretold this one year delay. If you live within 20 miles of a coastline or fault line I highly suggest you prepare to move at short notice. The tsunamis and earthquakes will be horrendous. If you don’t have food and water you better get it fast or be prepared to die without food and water.
Again this next scripture applies to Dave Hodges, Doug Hagmann, Alex Jones, Jerome Corsi and many others. Daniel 12: 3 Those who are wise shall shine, Like the brightness of the firmament, And those who turn many to righteousness like the stars forever and ever. Dan 12: 4 But you Daniel, shut up the words and seal the book until the time of the end; many shall run to and fro and knowledge shall increase.
It is now the time of the end and the Book of Daniel has now been unsealed. The book of Daniel could not be understood until Obama came to power. Daniel 11 starting in verse 21 describes a black homosexual Muslim man who illegally seizes control of the most powerful nation on earth. Daniel 11: 39 tells us they will divide the land for gain. That is the last event that happens before the Great and Terrible Day of the Lord occurs. This event is spoken of in over 30 scriptures as THE END! and or the Wrath of God. Even right now secret negotiations are going on to divide both the Holy Land and the City of Jerusalem. That is the last thing that will happen before LITERAL HELL breaks out on planet earth. Again Matthew 24: 20 Pray your flight is not THIS WINTER for then will be Great Tribulation.
To Dave Hodges I will forward once more the seven page email I sent you entitled Obama is the Evil King of Daniel 11: 21. I suggest you read it. I am one of the best 10 biblical scholars on earth and the book of Daniel has now been unsealed. That’s all I can do at this point. I am working on other avenues of approach but at this point they are not bearing fruit just yet. I thank you and may God bless Dave Hodges and those like him. Thank You.

Sabbas Stratelates
October 20, 2013 at 3:15 am

@ dave sterns…how do I contact you..??

paulrevere
October 20, 2013 at 8:30 am

This was in Forbes magazine recently. The world governments are coming for deposits and pensions.

At the risk of commenting on the comments, Dave Stearns has it right in that America is Israel in the latter days, but making a mistake common to many in Christian Identity, we are all 13 tribes regathered, as the number 13 figured prominently in our founding. And look, Dave, the only way to interpret the kings of the north and the south in terms other than the actual events after the death of Alexander, and the dividing up of his kingdom, would be that prophecies are cyclical in nature as history is. In this case, the reign of King Obama (who you are saying is the king of the north as per Dan. 11) would follow a raiser of taxes in George Bush II, but he lowered taxes if anything. The prophecy is speaking not of American presidents, who have never been royal, but of the nature of the government of Israel which is spiritual and includes all of Israel – the Germanic peoples, the Scandinavian, the pure Spanish and Basque, the Franks, the fairly small number of pure Italians, and so forth. As socialist governments are associated with high taxes, we have seen a transition to a more militant style of government. We have been a socialist nation since FDR, but since after 2001, we have tended towards a security state, as has every other Western government.

Otherwise, almost all of your commenters continue to be clear-headed and pragmatic. However, the nature of people in a crisis tends toward community and altruism, and not – most emphatically not – towards chaos. Chaos is the result of entropy, and continues unabated until this defining moment which is surely coming. Your personal exposure to such a state of chaos is surely going to be dependent on where you live. But even if you are in an urban environment surrounded by non-Israelites, you are still Israel and therefore the apple of His eye. And you who understand will be helped with a little help – just as it says in Dan. 11:34 Blessings to all – keep the heart of America beating.

He is right on this. I already was raped by the banksters, via Goldman Sachs. I don’t want to get into details, but I had investments in a hotel and subdivisions and through their homeboys (the SEC) Goldman Sachs came in and bought my investments for 1 penny on the dollar! yes, they are a criminal organization and they have the law on their side, not ours. The federal reserve creates the bubbles, then they pop the bubbles and the good ol boys club comes in and buys up real assets for pennies on the dollar. I would not have believed this if it didn’t happen to me twice. My savings is gone. I worked hard all my life, invested it like they advise you to do and they come in and buy up the little guys. The last 30 to 40 years we have seen these mergers and aquisitions taken place, now you know who its been serving. I sold the rest of what I owned and took it out of the bank. One day this entire paper currency will crash. All paper currencies will. Where ever there is a central bank, it will crash because its owned by all the same players, then they willl bring in their “new world currency”. They just haven’t loaded people and Governments with enough debt yet. Its gonna happen, mark my words.